Department store chain David Jones says Stephen Goddard will retire as finance director later this year.
Mr Goddard will begin his retirement on October 31 to spend time with his family and pursue personal interests after after 15 years at the company and nine years on the board.
David Jones chairman Robert Savage said Mr Goddard told him that he wanted to leave in late 2010.
"However, following the mutual termination and sudden departure of Mark McInnes as CEO in June 2010, Stephen agreed to extend his stay with the company to assist in the transition of Paul Zahra as the new CEO," Mr Savage said.
Brad Soller has been appointed the company's new chief financial officer (CFO).
Mr Soller joins David Jones from Lend Lease Corporation where he has worked as group CFO since 2009.
David Jones is expected to report a fall in second quarter sales later this month after an 11 per cent fall in the first quarter.
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